QPR with new bank loans

[Norths]

£27m according to this site:

http://www.fotballsonen.com/qpr-med-nytt-banklan/

Will need to translate to English through your web browser.
EDIT: Just seen there is the same piece below it in english so ignore that


Update:

[brightonr]

Interesting how a lender could secure a loan against TV revenue, IF we are in the PL.

Would be more concerned about the bloke making that a condition than anything else.

[D3nisBail3ySliP]

About the cost of new training ground isn't it.

[Lunar Jetman]

Queens Park Rangers secured earlier this month a loan of £ 27 million from Barclays.

A submission to Companies House shows that the loan is secured against parachute payments QPR receive from the Premier League after relegation last season. In addition, the loan is secured against potential TV revenue from the Premier League if QPR player in the top division during 2014/15-sesongen or 2015/16-sesongen.

This is the second bank loan QPR have been under the present ownership after the club took out a loan of £ 15 million from Barclays in March 2013.

In recent years QPRs deficit increased, and the last statement covering 2012/13-sesongen, showed a deficit of £ 65.4 million and a debt of £ 180.7 million. £ 165.7 million of this debt to the club's owners.

In a statement on the club's website after the loss of £ 65.4 million, said QPRs chairman, Tony Fernandes:

- Relegation was never part of the plan and it has cost both financially and emotionally, but I and the other owners are warriors. Considering the debt, it is important to understand that debt is through shareholder loans. The debt the club owes is to the shareholders of the shareholders.

- We are fully committed to QPR in the short, medium and long term, and are 100 percent focused on delivering our vision for the club. Promotion to the Premier League is a big challenge, but a challenge we are committed to.

On Twitter Fernandes wrote recently that the only debt the club had was related to the stadium.

QPR would not provide a comment for Football Zone regarding the loan.

Football Zone wrote recently about QPRs economic situation and development off the field.

An English version of the article below:

Queens Park Rangers secured a £ 27 million loan from Barclays earlier this month.

A filing at Companies House says the loan is secured against the club's parachute payments from the Premier League. In Addition, the loan is secured against any potential Premier League TV revenue if QPR were to play in the top flight in the 2014/15 season or the 2015/16 season.

The charge was created on March 13th and is the second bank loan QPR have under taken during the current ownership. In March 2013 QPR loaned £ 15 million from Barclays.

QPR's unloaded have Increased in recent years, and the accounts for the 2012/13 season show a loss of £ 65.4 million and a total debt of £ 180.7 million. £ 165.7 million was owed to the club's Shareholders.

In a statement on the club's website after the £ 65.4 million loss, QPR's chairman, Tony Fernandes, said:

"Relegation was not part of the plan and it has cost us financially and emotionally, but I and my fellow Shareholders are fighters. We are committed and here for the long term.

With regards to the debt it is IMPORTANT two understand that this is through shareholder loans. The debt in the club is owed to the Shareholders by the Shareholders. "

We are all fully committed two QPR in the short, medium and long term and are 100 per-cent focused on Delivering our vision for the club. Promotion back to the Premier League is a major challenge, but one we are committed two. "

On Twitter , Fernandes on March 13th said the only debt the club had was stage related.

The club declined two give a comment.

[West London is Rss]

Guess someone else is going to go off on a meltdown now about this new loan.............................................. .....

Come on Fernandes bashers, you know you cant help yourself......................

[Rangersw12]

Guess someone else is going to go off on a meltdown now about this new loan.............................................. .....

Come on Fernandes bashers, you know you cant help yourself......................

So do you see this as a positive ?

[West London is Rss]

So do you see this as a positive ?

WAAAHEEEEYYY... Didn't take long..

I don't really care bud to be honest. They wouldn't do it if it was risky/couldn't do it.
You know Fernandes was Financial controller for Bransons Virgin, in his early days don't you?

[Norths]

OP Updated

[Rangersw12]

WAAAHEEEEYYY... Didn't take long..

I don't really care bud to be honest. They wouldn't do it if it was risky/couldn't do it.
You know Fernandes was Financial controller for Bransons Virgin, in his early days don't you?

I couldn't give a stuff what he used to do as at the moment he is making pigs ear on how to run a football club

He is putting the long term future of my club in jeopardy if you want to bury your head in the sand then you do that fella

I await your random , naive and childish reply......

[West London is Rss]

I couldn't give a stuff what he used to do as at the moment he is making pigs ear on how to run a football club

He is putting the long term future of my club in jeopardy if you want to bury your head in the sand then you do that fella

I await your random , naive and childish reply......

The way you just disregard the obvious fact of him being an accountant like its nothing.

haha ok mate.. im not gona waste my time arguing with someone who is so ignorant they wont even contemplate the others persons point of view.
Keep moaning about him, be my guest. but it wont achieve anything.

[qprjeff1882]

Whoever wrote that statement doesn't know the difference between ..... to too and two.

[Rangersw12]

The way you just disregard the obvious fact of him being an accountant like its nothing.

haha ok mate.. im not gona waste my time arguing with someone who is so ignorant they wont even contemplate the others persons point of view.
Keep moaning about him, be my guest. but it wont achieve anything.

Good burying your head in the sand.....

[Norths]

Whoever wrote that statement doesn't know the difference between ..... to too and two.

Norwegian site so probably just a mix up in translation.

[West London is Rss]

Good burying your head in the sand.....

you post nothing constructive. all you post is arrogance and a lack of knowledge.

If you have read any of the statement above, it says.. ''as an extension with our relationship with Barclays and following an initial loan last year,
WHICH HAS NOW BEEN PAID IN FULL'

Do you choose to ignore that bit?.. As well as ignoring your total lack of knowledge in how you obtain a loan. Banks don't let companies take out loans that size if they think they may not pay it back'..

Fans like you, can just use this 'story' as more ammunition at Fernandes. It achieves nothing apart from negativity.

[Lunar Jetman]

Whoever wrote that statement doesn't know the difference between ..... to too and two.

That'll be Google translator.